Fortified Salts Market size to exceed $7bn by 2024

Fortified Salts Market size is projected to surpass USD 7 billion by 2024, according to a new research report by Global Market Insights Inc.
 

Shifting consumer preference for nutritional diet coupled with increasing malnutrition concerns among children and adults will propel product demand. Rising prevalence of anemia due to iron deficiency will drive fortified salts industry growth.
 

Growing demand for food preservation due to increasing preference for processed & packaged food will propel the fortified salts market share. Growing hospitality & services industry along with increasing multi-cuisine restaurants are the key factors supporting the industry expansion.
 

Positive outlook in curing dental caries along with rising dental hygiene concerns are the key factors fueling the industry growth. Globally, 60- 90% of school going children and almost every adult has dental cavities.
 

Online stores segment is set to register over 7% CAGR through 2024. Increasing preference for online shopping owing to hectic & busy lifestyles will drive the industry growth in this segment. Expansion in the e-commerce industry along with provision of discounts & offers has provided positive outlook for fortified salts demand.
 

Grocery stores segment of fortified salts market exceeded USD 1.5 billion in 2016. Increasing product consumption in household along with buying convenience of the grocery stores will support the product demand. Health threats including kidney ailments and tuberculosis due to overconsumption of product may hamper the product demand.
 

Browse key industry insights spread across 300 pages with 562 market data tables & 11 figures & charts from the report, “Fortified Salts Market Statistics By Product (Iodine [By Application {Hospitality & Service, Food Processing, Household & Animal Feed}, By Distribution Channel {Hypermarket & Supermarket, Grocery Stores, Online Stores}], Iron[By Application {Hospitality & Service, Food Processing, Household & Animal Feed}, By Distribution Channel {Hypermarket & Supermarket, Grocery Stores, Online Stores}], Double Fortified Salts[By Application {Hospitality & Service, Food Processing, Household & Animal Feed}, By Distribution Channel {Hypermarket & Supermarket, Grocery Stores, Online Stores}]), Regional Outlook, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fortified-salts-market
 

Hospitality & service segment of the fortified salts market exceeded USD 900 million in 2016. Rising demand for processed meat including preservation of for canned hams, hams, roasts, fish and meatballs will drive the industry demand.
 

Household application segment is estimated to generate over 5,800 kilotons in volume by 2024. High application scope as cooking salt owing to its health benefits has enhanced the product scope. Changing lifestyle along with increasing disposable income will support the fortified salts market statistics.
 

Iodine product segment is set to register over 7.1% CAGR through 2024. Iodine deficiency causing fatigue, constipation, chances of stillbirth in pregnant women, depression, abnormal weight gain and goiter will propel the product penetration.
 

Double fortified salts market surpassed USD 845 million in 2016. Growing anemia concerns among children and women globally will surge the product demand.
 

Asia Pacific market is anticipated to surpass USD 2.4 billion by 2024. Increasing consumer awareness pertaining to health & diet along with improving standard of living will propel the industry landscape.
 

Vietnam is the fastest growing country in APAC with CAGR of over 7.5% up to 2024. Presence of numerous finest salts producing companies along with increasing exports are the major factors fueling the fortified salts market forecasts.
 

Global fortified salts industry is fragmented in nature due to large presence of regional manufacturers. Cargill, AkzoNobel, Tata Chemicals, Compass Minerals, Ankur Salt, Sambhar Salt, China National Salt Industry Windsor Salt, United Salt Corporation, Kutch Brine Chem Industries, Ahir Salt Industry and Schweizer Salinen are the major industry players.